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horrorfan [7]
3 years ago
13

What is shrinkage in Accounting?

Mathematics
1 answer:
sweet [91]3 years ago
8 0

9514 1404 393

Explanation:

Shrinkage is the loss of inventory from causes other than normal use or sales. It is the difference between the inventory on the books and the amount of inventory actually available for use. Typical causes of shrinkage are theft, damage, fraud, counting error, administrative error.

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